Ecoark Takes Steps to Acquire 440labs (Arkansas Democrat Gazette)

Ecoark Holdings Inc., Roger’s company that focuses on reducing waste in operations, logistics and supply chains, is acquiring software development and information solutions provider 440labs.

Ecoark said it has completed a nonbinding term sheet to acquire the Massachusetts Company in an all-stock transaction. 440labs has partnered with Zest Labs an Ecoark subsidiary for the past four years, providing cloud solutions and mobile applications.

Ecoark Chief Executive Officer Randy May said in a statement that the transaction is consistent with the company’s capital deployment strategy of acquiring “high performing niche businesses.” 440labs’ name, brands, and office locations will not change as a result of the transaction.

“440labs is a terrific company with clear leadership in its niche market, strong technical expertise with numerous growth opportunities, and a management team that will thrive as part of Zest Labs,” May said in the statement.